The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-12-10
DUN g. co.'s BUSINESS REVIEW.
Legitimate Trade Fairly Active-Efect of
the Renewal of Tariff Agitation.

Legitimate Trade Fairly Active-Effect Of
the Renewal of Tariff Agitation.
NEW YORK. Dec. 9.-R. g. Dun Co., in
their weekly review Of trade. say: Legitimate
trade continues fairly active for the season.
though embarrassed in some branches by the
fluctuations in the speculative markets. Specu-
lation in products after q few days of wild ad-
vance, has taken a turn downward, as the nat
ural result of enormous sales to realize. With
rapidly expanding currency, money is gener-
ally easier than a week ago, though rates
still high at many points, and complaints of
slow collections do not diminish. Agi-
tation of the tariff question already
begins to cause revision of calculations for the
future In some departments. The sharp decline
In real estate speculatons and prices at some
Southern and Western points. tends to check de-
velopment there, and subjects investors to some
financial strain. Large sales of Bessemer iron,
at $l8. so, reported. and sale of steel rails
are backward, but some brokers openly offer below
$23. Coal has declined about ST.. and orders
s!ackening. Woolens do not improve in demand,
and heavy goods open, in some cases, below last
years prices. 80 that manufacturers are not en-
couraRed TO increase their purchases of raw
wool, which appears rather weaker Raw cotton
recent advances. The boot and shoe trade is
large and promising, with exceptionally good
payments and cheaper material, but there is
complaint that competition cuts down prices too
far. Leather Is weaker.
The movement of freight westward shows an
increase of 10 900 tons for November. and east
bound shipments are increasing. But the bank
exchanges of all cities outside OF New York be-
gin TO fall below those of last year Tho de-
cline of all cities last week Il per cent.
aud outside of New York 2 per cent At most
interior points trade is reported fair FOR the
son. but collections slow at Detroit. fair at
Memphis and Omaha. and rather better at
Kansas City Money at Chicago is in undated
demand at per cent, and operators bid 8 for
funds to carry products at interior towns
Though the money markets are, on the whole
easier. the pressure at speculative centers con-
tinues. Stocks have been since Con-
gross met, as frequently happens.
Wheat speculation reached 105 DOC, 900 bushels
for the week. and prices advanced sharply, only
to close ashade lower than week ago. Corn
and oats, in spite of the recent reaction pain SO
and &c for the week, and oil is unchanged. Cof-
fee has advanced half cent, and the exc,ement
in minor metals has lifted copper 11c
A reaction in pork products takes prices
a little lower than a week ago. The average
rise in food products since July ! was a shade
90 per cent. Tuesday. and it is ques-
toned whether the legitimate effect of partial
failure of crops has not been fully realized in
prices but the increasing supply of currency
stil tends to keep speculation active.
The business failures during the last seven
days numb for the United States 226 and for
Canada %; total 254, compared with PA last
week, and 274 for the corresponding week of
last year.